Ravi Shankar Prasad said the government is taking measures to tackle cyber crimes
The country needs a dedicated digital payment law and a cybersecurity framework
The hackers gained entry through a completely different app that I hadn't used in years, reports Tech in Asia
The law trigger concerns among rights groups and foreign companies in the Communist nation
Cyber insurance covers are largely taken by banks, IT & ITeS and e-commerce firms
A Europe-like cyber security defence alliance is the need of the hour, say banking technology experts
India is building its first platform for homegrown cyber security companies to promote indigenous expertise in the field and help local firms get a larger share of the country's digital security technology budget.The government and industry have come together to prepare a road map to create a platform for digital and cyber security products and solution companies. This includes creating a special fund for cyber security start-ups to groom them to build local solutions to tackle internet security challenges.India's cyber security market size is about $4 billion (about Rs 26, 729.5 crore), which is expected to grow nine-fold to $35 billion by 2025, according to Data Security Council of India (DSCI).The move comes even as the country increases its focus on Digital India, a campaign launched by Prime Minister Narendra Modi, to use technology in government and offer government-to-citizen services.DSCI will collaborate with the Department of Electronics and Information Technology (DeITY) and
Country's expenditure on cyber security expected to grow about ninefold from over $4 billion to $35 billion by 2025
This comes on the heels of reports suggesting that the ATM card details of several account-holders may have been compromised
The apex bank has been increasingly focusing on tackling cyber crime at a time, when digital transactions have been on a rise
As our offline and online worlds collide, cyber extortion is a real threat today
Prasad also said that training would be given to judges, police officers and others on the issue
Senators also pointed out benefits that can come up after such discussions with the international community
He added that earlier recruitment in terrorist organisations was difficult but now technology has made this process easier
Creating awareness among the Internet users should be the prime focus to counter online threats, he said
The minsiter said that the digital world does not encounter conventional wars.
All encrypted information, including emails, messages and data stored on private business servers, can be accessed by the government
Both the government and the Indian industry are reaching out to major cyber security companies in the US and Israel to boost internal systems